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1, the relationship between 519 market and policy change.Second, the stock market ecology under the registration system3. Reform of comprehensive registration system

Second, the stock market ecology under the registration system3. Reform of comprehensive registration systemConclusion: The combination of economic transformation and upgrading with the reform of registration system will lead to a long-term bull market. Under the registration system, the stock market ecology will undergo major changes, the speculation gap will be effectively curbed, indexed investment will become the mainstream of the market, and the institutionalization of ETF-based retail will be accelerated.

2. Share reform marketSecond, the stock market ecology under the registration system